图片来源：影石创新官网 与此同时，科创板也迎来了首位 "90后" 董事长。现年34岁的影石创新创始人、董事长刘靖康，2015年 从南京大学毕业后，创办该公司，曾自称 "从学生宿舍走向全球市场"。 影石创新专注于智能影像设备研发与销售，主营产品涵盖全景相机、运动相机、穿戴式微型相机及专业 级VR设备等，面向户外运动、短视频创作、VR内容制作、会议直播等多元场景。 影石创新董事长给楼下员工撒钱。来源：网络截图 消息面上，8月14日，影石Insta360 联合第三方共同孵化的全景无人机"影翎Antigravity A1"正式对外公 布产品形态，并启动公测。 该产品采用上下双全景镜头设计，支持8K全景视频拍摄，同时配套VR飞行眼镜及体感遥控手柄，无人 机"小白"也可在空中360°沉浸式游览和拍摄。由于该产品实现了飞行和拍摄分离，所以个人视角不再受 飞行方向束缚，在飞行中可转动头部随意观看，"指哪飞哪"。 据影翎Antigravity官方介绍，A1旨在为大众提供纯粹的飞行和拍摄乐趣，其机身仅重249g，内置负载检 测系统自动检测违规改装，这意味着产品无法被用于军事领域。该产品预计于明年1月正式发售。 今年6月11日，影 ...

Core Viewpoint - The article highlights the historic listing of Insta360, a company founded by a post-90s entrepreneur, Liu Jingkang, on the Sci-Tech Innovation Board, marking a significant milestone in the capital market [1][2]. Company Overview - Insta360 was founded in 2015 and is recognized as a global leader in smart imaging technology, initially focusing on VR and panoramic cameras before expanding into action cameras and other imaging products [8]. - The company has two product lines: consumer-grade and professional-grade, covering 360-degree panoramic cameras, action cameras, smartphone stabilizers, and video conferencing cameras [8]. Financial Performance - On its first trading day, Insta360 opened at 182 CNY, peaking at 187.99 CNY, with a closing price of 177 CNY, resulting in a market capitalization of 71 billion CNY [2]. - The company's revenue and net profit from 2022 to 2024 are projected to be 20.41 billion CNY, 36.36 billion CNY, and 55.74 billion CNY, with net profits of 4.07 billion CNY, 8.3 billion CNY, and 9.95 billion CNY respectively [12]. - In 2023, Insta360 achieved a sales figure of 3.14 billion CNY, capturing 67.2% of the global panoramic camera market, maintaining its position as the market leader for six consecutive years [11]. Investment Journey - The company began its capital journey in 2020, receiving guidance from CITIC Securities and submitting its IPO application in October of the same year [4][6]. - Liu Jingkang, the founder, received angel investment from IDG Capital shortly after graduating in 2014, which played a crucial role in the company's early development [10][13]. - Insta360 has completed eight rounds of investment, with notable investors including IDG Capital, Qiming Venture Partners, and CITIC Securities [13]. Market Position - By 2018, Insta360 became the largest brand in global panoramic camera shipments, achieving a market share of 41% by 2021, with competitors like Ricoh and GoPro trailing behind [11]. - The company’s revenue reached 258 million CNY in 2018, marking a significant growth trajectory [10].

Core Insights - IDG Capital's long-term investment strategy in young entrepreneurs, particularly in the 90s generation, has yielded significant returns, exemplified by the successful IPO of Insta360 led by Liu Jingkang, a self-made entrepreneur [1][10] - The company has demonstrated remarkable growth, with revenue increasing from 8.5 billion yuan in 2020 to projected 55.74 billion yuan in 2024, alongside net profits rising from 4.07 billion yuan to 9.95 billion yuan in the same period [7][8] Company Development - Liu Jingkang, recognized for his technical prowess, began his entrepreneurial journey while still in university, leading to the establishment of Insta360 in 2015 after pivoting from software to hardware with VR technology [4][6] - The company has successfully launched several innovative products, including the Nano 360-degree camera, which gained popularity during the 2016 "Two Sessions" in China, and has since expanded its product line to include action cameras [6][8] Investment Strategy - IDG Capital's investment approach focuses on supporting young entrepreneurs, emphasizing the importance of human capital and long-term commitment rather than immediate financial returns [1][10] - The firm has provided extensive post-investment support to Insta360, including talent acquisition, strategic advice, and capital market exploration, which has contributed to the company's sustained growth [7][9] Market Potential - The imaging sector in China is poised for continuous innovation, leveraging existing technological foundations and talent pools, with Insta360's diverse product matrix indicating strong future growth potential [8][9] - The company aims to deepen its innovation in hardware and software, capitalizing on its competitive advantages and expanding its market presence [9][10]